Egypt Plastic Caps And Closures Market Size (2024 - 2029)

Egypt Plastic Caps and Closures Market Analysis

The Egypt Plastic Caps And Closures Market size is estimated at USD 0.34 billion in 2024, and is expected to reach USD 0.45 billion by 2029, growing at a CAGR of 5.77% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 6.46 billion units in 2024 to 8.27 billion units by 2029, at a CAGR of 5.06% during the forecast period (2024-2029).

The Egyptian caps and closures market is growing due to convenience, ease of use, resealable properties, and lightweight. They are increasingly in the spotlight. Expanding economic activities and the rising prevalence of online retailing are poised to propel plastic packaging in the country.

• The plastic packaging market is set for significant growth, primarily fueled by escalating demands in vital end-use sectors like food, beverages, cosmetics, and personal care. This surge is further bolstered by the rise of modern retailing, a more affluent consumer base, and the swift expansion of e-commerce, especially in emerging regions.
• The health and wellness trend is steering consumers toward preventive healthcare, fueling a shift in the FMCG product market towards healthier lifestyle choices. Consequently, the demand for healthy beverages, including fruit and energy drinks, is rising, impacting the plastic caps and closures market. Two years ago, Egypt Otsuka Pharmaceutical, a subsidiary of Japan's Otsuka Holdings Co., is slated to construct a factory in Egypt, focusing on healthy beverages and supplements, with an investment of USD 30 million.
• In its 223 cities and urban centers, Egypt houses 43.1% of its population. Notably, 56% of these urban dwellers are concentrated in the Greater Cairo Region (GCR) and Alexandria Governorates. The GCR, home to over 19 million people, is Africa's most populous metropolitan area and serves as Egypt's economic powerhouse, hosting nearly 20% of the nation's residents. Food, beverage, and other industries are expected to witness growth in urban centers, which is anticipated to improve the market for caps and closures in the country.
• Manufacturers of plastic packaging products are pivoting toward inventing and refining materials, designs, and technologies, driven by evolving consumer preferences, regulatory mandates, and a broader sustainability agenda. Sustainability, a key concern for consumers, is prompting manufacturers to craft lighter containers and downsize packaging.
• The plastic packaging market is poised for further expansion, with a surge in innovative solutions like bioplastics, active packaging, and specialized packaging for perishables and dynamic environments. However, heightened awareness around sustainability and stringent regulations, especially concerning single-use plastics, pose challenges to the industry's growth trajectory.

Egypt Plastic Caps and Closures Industry Segmentation

The scope of the study characterizes the plastic caps and closures market based on the product's raw materials, including PP, PE, PET, and other raw materials used across various end-user industries, such as food, pharmaceuticals, beverages, cosmetics, toiletries, and more across the country. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.

The Egyptian plastic caps and closures market is segmented by resin (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), and other plastic materials), product type (threaded, dispensing, unthreaded, and child-resistant), end-user industry (food, beverage [bottled water, carbonated soft drinks, alcoholic beverages, juices & energy drinks, and other beverages], personal care and cosmetics, household chemicals, and other end-user industries). The report offers market forecasts and size in volume in units and value in USD for all the above segments.